SKF India Ltd
SKF India Ltd is a leading supplier of products, solutions & services within rolling bearing, seals, mechatronics, and lubrication systems.[1]
- Market Cap ₹ 7,935 Cr.
- Current Price ₹ 1,606
- High / Low ₹ 2,396 / 1,404
- Stock P/E 50.1
- Book Value ₹ 269
- Dividend Yield 0.90 %
- ROCE 13.3 %
- ROE 8.06 %
- Face Value ₹ 10.0
Pros
- Company has reduced debt.
- Company is almost debt free.
- Company has been maintaining a healthy dividend payout of 67.8%
Cons
- The company has delivered a poor sales growth of -4.43% over past five years.
- Earnings include an other income of Rs.199 Cr.
- Debtor days have increased from 81.9 to 123 days.
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Dec 2014 | Mar 2016 15m | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2,414 | 2,997 | 2,631 | 2,750 | 3,035 | 2,842 | 2,671 | 3,666 | 4,305 | 4,570 | 4,920 | 2,130 | |
| 2,132 | 2,636 | 2,295 | 2,316 | 2,549 | 2,492 | 2,251 | 3,110 | 3,556 | 3,853 | 4,174 | 1,881 | |
| Operating Profit | 281 | 362 | 336 | 435 | 486 | 349 | 420 | 556 | 749 | 718 | 745 | 248 |
| OPM % | 12% | 12% | 13% | 16% | 16% | 12% | 16% | 15% | 17% | 16% | 15% | 12% |
| 79 | 101 | 87 | 71 | 92 | 104 | 36 | 35 | 52 | 94 | 101 | 199 | |
| Interest | 0 | 0 | 0 | 5 | 8 | 9 | 2 | 2 | 2 | 1 | 1 | 0 |
| Depreciation | 54 | 68 | 48 | 46 | 46 | 57 | 58 | 57 | 67 | 75 | 83 | 63 |
| Profit before tax | 306 | 394 | 376 | 455 | 524 | 387 | 396 | 531 | 733 | 736 | 763 | 384 |
| Tax % | 34% | 35% | 35% | 35% | 36% | 25% | 25% | 26% | 28% | 25% | 26% | 31% |
| 203 | 256 | 244 | 296 | 336 | 289 | 298 | 395 | 525 | 552 | 566 | 266 | |
| EPS in Rs | 38.48 | 48.56 | 46.28 | 57.68 | 67.97 | 58.50 | 60.27 | 79.99 | 106.23 | 111.69 | 114.54 | 53.85 |
| Dividend Payout % | 26% | 31% | 22% | 21% | 18% | 222% | 24% | 18% | 38% | 116% | 13% | 74% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | -3% |
| 5 Years: | -4% |
| 3 Years: | -21% |
| TTM: | -57% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | -5% |
| 5 Years: | -12% |
| 3 Years: | -33% |
| TTM: | -72% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 11% |
| 5 Years: | 8% |
| 3 Years: | -8% |
| 1 Year: | -26% |
| Return on Equity | |
|---|---|
| 10 Years: | 18% |
| 5 Years: | 20% |
| 3 Years: | 18% |
| Last Year: | 8% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Dec 2014 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 53 | 53 | 53 | 51 | 49 | 49 | 49 | 49 | 49 | 49 | 49 | 49 |
| Reserves | 1,363 | 1,612 | 1,758 | 1,786 | 1,648 | 1,856 | 1,514 | 1,836 | 2,292 | 2,633 | 2,549 | 1,280 |
| 0 | 65 | 34 | 85 | 90 | 22 | 18 | 16 | 14 | 12 | 7 | 3 | |
| 495 | 419 | 459 | 522 | 510 | 542 | 721 | 713 | 822 | 957 | 959 | 747 | |
| Total Liabilities | 1,911 | 2,149 | 2,304 | 2,444 | 2,297 | 2,469 | 2,303 | 2,615 | 3,178 | 3,651 | 3,564 | 2,079 |
| 347 | 298 | 299 | 293 | 284 | 352 | 345 | 402 | 424 | 472 | 551 | 440 | |
| CWIP | 18 | 12 | 35 | 37 | 62 | 41 | 65 | 52 | 63 | 89 | 56 | 28 |
| Investments | 20 | 19 | 149 | 154 | 44 | 197 | 2 | 2 | 2 | 9 | 9 | 9 |
| 1,526 | 1,820 | 1,821 | 1,960 | 1,906 | 1,879 | 1,890 | 2,158 | 2,688 | 3,081 | 2,948 | 1,602 | |
| Total Assets | 1,911 | 2,149 | 2,304 | 2,444 | 2,297 | 2,469 | 2,303 | 2,615 | 3,178 | 3,651 | 3,564 | 2,079 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Dec 2014 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 218 | 26 | 115 | 367 | 181 | 330 | 324 | 57 | 690 | 624 | 203 | 363 | |
| -3 | -174 | 147 | -265 | 306 | -154 | 654 | -33 | -45 | -158 | -60 | -182 | |
| -93 | 49 | -126 | -225 | -477 | -178 | -652 | -78 | -79 | -204 | -650 | -76 | |
| Net Cash Flow | 122 | -99 | 136 | -123 | 11 | -2 | 326 | -53 | 567 | 262 | -507 | 105 |
| Free Cash Flow | 184 | -4 | 74 | 318 | 140 | 271 | 255 | -34 | 585 | 496 | 72 | 134 |
| CFO/OP | 117% | 47% | 76% | 124% | 81% | 129% | 102% | 37% | 120% | 115% | 59% | 191% |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Dec 2014 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 56 | 59 | 71 | 65 | 63 | 56 | 80 | 68 | 58 | 60 | 63 | 123 |
| Inventory Days | 71 | 65 | 94 | 92 | 95 | 92 | 109 | 110 | 98 | 90 | 106 | 103 |
| Days Payable | 82 | 57 | 68 | 89 | 72 | 84 | 135 | 83 | 86 | 94 | 80 | 175 |
| Cash Conversion Cycle | 46 | 67 | 97 | 68 | 86 | 64 | 54 | 96 | 69 | 56 | 88 | 51 |
| Working Capital Days | 44 | 56 | 85 | 56 | 71 | 65 | 60 | 87 | 59 | 47 | 69 | 77 |
| ROCE % | 23% | 25% | 21% | 24% | 28% | 19% | 23% | 31% | 34% | 29% | 29% | 13% |
Insights
In beta| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Jun 2025 | |
|---|---|---|---|---|---|
| Net Working Capital % of Net Sales % |
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| Number of Remanufacturing Centers Centers |
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| Number of Manufacturing Lines - Bangalore Plant Lines |
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| Sales Mix - Automotive % |
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| Sales Mix - Industrial % |
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| Number of Manufacturing Lines - Haridwar Plant Lines |
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| Number of Manufacturing Lines - Pune Plant Lines |
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Extracted by Screener AI
Documents
Announcements
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Clarification To Query Raised By NSE With Respect To Limited Review Report/ Independent Auditors'' Report For Consolidated Annual Financial Results For The Quarter And Year Ended 31St March 2026
4h - SKF India corrected auditor report signing date to 13 May 2026 and filed updated report.
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Announcement under Regulation 30 (LODR)-Earnings Call Transcript
26 May - We are enclosing herewith the Transcript of Analyst / Institutional Investor meeting held on Thursday, 21st May 2026 at 11:00 AM.
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
21 May - SKF India shared audio link of Q4 FY26 investor earnings call held on 21 May 2026.
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Announcement under Regulation 30 (LODR)-Investor Presentation
21 May - Pursuant to Regulation 30 clause 15(a)(ii), we are hereby submitting the presentation on Analyst/Institutional Investor meet scheduled on Thursday, 21st May 2026
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Announcement under Regulation 30 (LODR)-Newspaper Publication
15 May - In compliance with Regulation 47 of SEBI (LODR) Regulations, 2015 we are enclosing the Financial results published in the newspapers of Financial Express (all India …
Annual reports
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Financial Year 2025
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Financial Year 2024
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2014
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Financial Year 2013
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Financial Year 2013
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Financial Year 2012
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Financial Year 2011
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Concalls
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May 2026Transcript PPT
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Aug 2025TranscriptPPT
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Aug 2025Transcript PPT
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Aug 2025Transcript PPT
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Jul 2025Transcript PPT
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May 2025Transcript PPT REC
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Apr 2025Transcript PPT
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Apr 2025TranscriptAI SummaryPPT
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Feb 2025TranscriptPPT
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Aug 2024TranscriptPPT
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Aug 2024Transcript PPT
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Feb 2024TranscriptPPT
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Aug 2023TranscriptPPT
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Aug 2023Transcript PPT
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Mar 2023TranscriptPPT
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Aug 2022TranscriptPPT
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Aug 2022Transcript PPT
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Jun 2022TranscriptPPT
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May 2019TranscriptPPT
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Oct 2018TranscriptPPT
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Jul 2018TranscriptPPT
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May 2018TranscriptPPT
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Feb 2018TranscriptPPT
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Oct 2017TranscriptPPT
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Aug 2017TranscriptPPT
Parent Company
The company is a subsidiary of AB SKF which holds ~53% stake through group companies. [1] AB SKF is a Swedish bearing and seal manufacturing company founded in 1907. It manufactures and supplies bearings, seals, lubrication and lubrication systems, maintenance products, mechatronics products, power transmission products, etc. It employs ~44,000 in ~110 manufacturing units around the world. [2]